Question

A pressure cooker was brought for ₹1500 and sold at a profit of 16% . find the profit and the selling price.

Answer 1

Answer:

Profit = Rs. 240 ; Selling Price = Rs. 1740

Step-by-step explanation:

CP of pressure cooker = Rs. 1500

profit Percentage = 16%

Profit = CP × $\frac{Rate}{100}$

Profit = Rs. 1500 × $\frac{16}{100}$ = $\frac{24000}{100}$ = 240

Profit = Rs. 240

SP = CP + Profit

SP = 1500 + 240 = 1740

SP = Rs. 1740